During IMF-World Bank meeting in Lima, Peru Christine Lagarde was asked about the Greek debt and IMF’s view on whether it is sustainable or not.

Mrs. Lagarde reiterated that the debt of Greece is not sustainable and that the position of IMF regarding Greece’s debt sustainability has not changed since last July, when it published its latest sustainability report.

Mrs. Lagarde pointed out Greece has requested support of IMF and any program has to walk on two legs.

The first one is significant reforms embedded in legislation, particularly on pension and bank governance and the second one is a debt operation that renders Greek debt sustainable.

Asked about the best way to achieve the debt relief, she answered that euro zone is the one who should decide on how this is going to be achieved.